In all business sectors the level of stock being held is usually too high. Whether the problem is excess, surplus or redundant materials the costs involved can be very large and include ongoing storage and maintenance costs as well as lost opportunity costs for the capital tied-up.

The decision whether or not to have items immediately available ‘on-site’ should be based on business-risk considerations – readily recognised by senior management.

Staff involved in the inventory decision-making activities are frequently unaware of how to convert the basic principles into working practices that can achieve lower levels of stock yet still meet the company’s operational needs. Even when stockholdings are justified, decisions about the quantities to be held are frequently made on pessimistic grounds ‘just in case we need them’ and without true regard to the business rationale.

Course Objective:
The objective of this intensive 3-day course is to identify ways by which excessive stockholdings can be avoided, whilst still providing the required service level to user departments. This will help to increase the company’s profitability and its level of customer service

Course style:
The course is an inter-active workshop involving all delegates with the course Director. At the end, delegates will be expected to complete a personal ‘Action Plan’ so the learning from the course can be put to good effect in their parent companies.